Pennymac Mortgage
Borrowers wanting one lender for conventional, government-backed, jumbo, or equity loans.
Rate shoppers needing transparent, published rates before engaging with a loan officer.
This page is a product-menu overview, not a rate sheet — Pennymac publishes zero specific mortgage rates here, requiring every borrower to request a custom quote before any meaningful comparison is possible. That opacity is a real friction point in a rate-sensitive environment where the Fed Funds Rate sits at 3.63% and mortgage shoppers are acutely cost-conscious. The breadth of loan types is genuine: nine distinct products covering first-time buyers (FHA, 3% down Conventional), zero-down VA, jumbo up to $3 million, and a Home Equity Loan for borrowers preserving an existing low rate. That range is competitive with the largest national mortgage originators. However, SwitchWize's database shows that top-ranked lenders in the mortgage category are increasingly publishing live or daily-refreshed rate tables, making it easier for borrowers to shortlist without a sales call. Pennymac's rate transparency lags that standard. The USDA Streamline's appraisal waiver and FHA's streamline option are legitimately valuable for existing-loan borrowers. Until Pennymac publishes rates on-page, treat this as a loan-type discovery tool only — then use SwitchWize's live rate database to benchmark any quote you receive.
Request a Loan Estimate (federal form) to compare the full APR, not just the rate. Confirm all origination fees and closing costs.
May 2026
SwitchWize Research Desk · methodology
- No monthly maintenance fee
Request a custom rate quote online or call 866-549-3583 to speak with a loan officer. You can also submit your contact information on the site to schedule a callback. Pre-approval is available as a first step for purchase borrowers.
This page is a product-menu overview, not a rate sheet — Pennymac publishes zero specific mortgage rates here, requiring every borrower to request a custom quote before any meaningful comparison is possible. That opacity is a real friction point in a rate-sensitive environment where the Fed Funds Rate sits at 3.63% and mortgage shoppers are acutely cost-conscious. The breadth of loan types is genuine: nine distinct products covering first-time buyers (FHA, 3% down Conventional), zero-down VA, jumbo up to $3 million, and a Home Equity Loan for borrowers preserving an existing low rate. That range is competitive with the largest national mortgage originators. However, SwitchWize's database shows that top-ranked lenders in the mortgage category are increasingly publishing live or daily-refreshed rate tables, making it easier for borrowers to shortlist without a sales call. Pennymac's rate transparency lags that standard. The USDA Streamline's appraisal waiver and FHA's streamline option are legitimately valuable for existing-loan borrowers. Until Pennymac publishes rates on-page, treat this as a loan-type discovery tool only — then use SwitchWize's live rate database to benchmark any quote you receive.
What is the difference between a mortgage interest rate and APR?
The interest rate is what the lender charges to borrow the principal. APR (annual percentage rate) folds in lender fees, origination charges, and points into one comparable number. Always compare APR when shopping lenders — a low rate with high fees can cost more than a slightly higher rate with lower fees.
What credit score do I need to qualify?
Most conventional mortgages require a minimum 620 FICO score; FHA loans allow as low as 580 with 3.5% down. Higher scores unlock lower rates — a 40-point difference can shift your rate by 0.25–0.50%.
How long does mortgage underwriting take?
Most purchases close in 30–45 days from application; refinances typically take 30–60 days. A pre-approval (full credit and income check) can be done in 1–3 business days at most lenders.
Rates are sourced from Bankrate and verified by SwitchWize. SwitchWize may earn a referral fee when you click through to a partner. Content is for informational purposes only and does not constitute financial advice. Verify current rates directly with the institution before opening an account.